Universal Cables Ltd

Universal Cables Ltd

₹ 511 -0.03%
06 Dec - close price
About

Universal Cables Ltd is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects
relating thereto and other types of wires and cables, conductors, etc. [1]

Key Points

Wide Range of products
Under the cable division, the co. has a very wide range of products including Low Voltage (LV), Medium Voltage (MV), and Extra High Voltage (EHV) Power Cables up to 500 kV grade and PVC and Rubber Insulated Power Cables up to 11 kV grade. This enables the company to cater to a wide range of customer requirements. [1]

  • Market Cap 1,773 Cr.
  • Current Price 511
  • High / Low 555 / 252
  • Stock P/E 17.5
  • Book Value 481
  • Dividend Yield 0.59 %
  • ROCE 12.0 %
  • ROE 8.46 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.06 times its book value
  • Debtor days have improved from 190 to 148 days.

Cons

  • Company has a low return on equity of 7.08% over last 3 years.
  • Earnings include an other income of Rs.93.4 Cr.
  • Dividend payout has been low at 6.97% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
284 370 422 278 451 490 594 514 514 591 583 479 494
268 340 390 249 436 460 546 470 468 548 531 443 471
Operating Profit 16 30 32 29 16 30 48 44 46 43 52 37 23
OPM % 5% 8% 8% 11% 3% 6% 8% 9% 9% 7% 9% 8% 5%
23 19 36 23 18 14 23 18 15 17 35 22 18
Interest 15 15 16 16 17 20 25 22 24 24 27 21 22
Depreciation 6 7 7 6 6 6 6 6 6 6 6 6 6
Profit before tax 17 27 45 29 10 18 41 35 32 31 54 32 14
Tax % 20% 27% 25% 26% 17% 24% 24% 23% 18% 21% 24% 25% 17%
13 20 33 22 8 14 31 27 26 24 41 24 12
EPS in Rs 3.89 5.76 9.64 6.29 2.39 3.94 8.97 7.72 7.47 7.04 11.83 6.93 3.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
817 1,180 1,415 1,568 1,280 1,813 2,202 2,148
742 1,073 1,240 1,402 1,189 1,690 2,016 1,993
Operating Profit 75 107 175 166 91 123 185 155
OPM % 9% 9% 12% 11% 7% 7% 8% 7%
52 52 79 81 88 78 86 93
Interest 44 53 62 77 63 78 97 95
Depreciation 19 21 21 23 26 24 22 22
Profit before tax 65 84 170 147 90 99 152 131
Tax % -9% 2% 20% 39% 25% 24% 22%
70 83 136 90 67 75 118 101
EPS in Rs 20.32 23.84 39.16 25.96 19.38 21.60 34.05 29.16
Dividend Payout % 0% 6% 5% 8% 5% 7% 9%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 10%
TTM: 4%
Stock Price CAGR
10 Years: 34%
5 Years: 14%
3 Years: 52%
1 Year: 75%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 7%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 35 35 35 35 35 35 35 35
Reserves 647 800 964 955 1,101 1,260 1,462 1,634
288 394 541 621 609 694 657 761
175 299 310 571 606 770 657 746
Total Liabilities 1,144 1,527 1,851 2,183 2,351 2,758 2,810 3,175
134 122 155 172 187 167 161 153
CWIP 0 17 2 17 0 2 11 40
Investments 518 634 740 847 1,025 1,190 1,359 1,558
492 756 954 1,146 1,138 1,400 1,280 1,425
Total Assets 1,144 1,527 1,851 2,183 2,351 2,758 2,810 3,175

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
70 -42 -59 38 90 -12 143
-13 -18 -27 -42 -16 -7 -15
-61 62 84 4 -72 16 -127
Net Cash Flow -3 2 -1 -0 2 -3 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 139 159 157 187 229 195 148
Inventory Days 89 71 101 89 101 79 61
Days Payable 95 114 96 106 124 118 63
Cash Conversion Cycle 133 116 162 169 206 155 146
Working Capital Days 134 125 163 163 215 171 149
ROCE % 12% 17% 14% 9% 9% 12%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89%
0.09% 0.09% 0.04% 0.00% 0.01% 0.03% 0.00% 0.11% 0.35% 0.36% 0.35% 0.31%
2.59% 2.59% 2.20% 1.94% 1.94% 1.94% 2.04% 2.05% 2.40% 2.55% 2.48% 3.01%
35.43% 35.43% 35.87% 36.17% 36.16% 36.14% 36.07% 35.96% 35.36% 35.20% 35.28% 34.80%
No. of Shareholders 13,75914,03116,70317,54917,31516,97316,65814,55213,22913,63914,27616,606

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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